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Rapidus secures 150 billion yen (US$943 million) in a funding round led by the Information-Technology Promotion Agency (IPA) to enhance its foundry capabilities.

Sep 01, 20263 days ago
ChiyodaManufacturing

Description

Rapidus, a Japanese foundry startup, has successfully completed an additional funding round of 150 billion yen (US$943 million). This funding was provided by the Information-Technology Promotion Agency (IPA), increasing Rapidus' total funding to 424.95 billion yen (US$2.65 billion). The company aims to enhance its competitiveness in the foundry market with advanced technologies. Rapidus is developing a leading-edge 2nm GAA process projected to enter production in 2027.

Company Information

Company

Rapidus Corporation

Location

Chiyoda, Tokyo, Japan

About

Rapidus Corporation is a Japanese company dedicated to the research, development, design, manufacture, and sales of advanced logic semiconductors.

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